Optimism Returning?

Yes, there are now clear signs that optimism is returning to the stock market as crude oil continues to fall and consumer confidence returning. Is this optimism now enough to beat the pessimism that ruled so far? Not just yet. This is definitely a good start and one which might signal a bottom to this bear trend but I would expect it to take a good Jobs report and ISM number this Friday to confirm (and whether investors are still taking the bait and whether oil is still falling). For now, the evening star signal formed last week continues to be effective despite today's gain of over 200 points. If the Dow follows up tomorrow with another strong up day, the evening star signal would be totally negated and a possible trend reversal could occur in accordance with the Dow theory. So, for now things continue to look extremely uncertain.